
The influence of the current chairman of the Bank of Russia Elvira Nabiullina in the Government of the Russian Federation is much stronger compared to its predecessors. It is reported by Reuters with reference to unnamed sources in a review article on the work of the head of the Central Bank.
The interlocutors of the agency noted that one of the signs of the increased influence of Nabiullina is recommendations for middle -level officials in the Cabinet of Ministers and the Kremlin, which began to produce the Central Bank. These "trainingishes" provide tips of the regulator, as officials should make public statements regarding foreign exchange rates.
Earlier, such recommendations were not released by officials in the Central Bank, Reuters indicates. At the same time, the current "trainingishes" were developed before a rather long period of fluctuations in the ruble.
The article notes that many economists considered Politics Nabiullina (released the course of the Russian currency for free swimming), which saved the Russian economy from the disaster. A number of Reuters interlocutors indicated that the Chairman of the Central Bank manages to adhere to the course she has chosen, as she is supported in the Kremlin. Press Secretary of Russian President Vladimir Putin Dmitry Peskov confirmed that he really supports the Macroeconomic policy of the Central Bank, but emphasized that the regulator is independent of the head of state.
“And in general, he highly appreciates the working qualities and professionalism of Nabiullina. I can confirm this, ”added Peskov.
In November 2014, the Bank of Russia first abolished unlimited currency interventions, and then refused regular interventions and the establishment of a currency corridor. After that, the ruble exchange rate was significantly weakened in relation to world currencies, and in mid -December reached record minimums: the euro exceeded 100 rubles, and the dollar - 80 rubles. As a result, in December of the same year, the Central Bank was forced to increase the key rate twice, first to 10.5% per annum, then to a record 17%.